ICRA posts 57% rise in Q2 profit

Ratings agency ICRA on Friday said its net profit rose by 57 per cent to Rs 13.58 crore in the July-September quarter this year.

It had reported a net profit of Rs 8.63 crore in the same quarter last year.

Total income from operations in the July-September quarter rose to Rs 62.43 crore, from Rs 51.89 crore a year earlier, it said in a filing to BSE.

On standalone basis, net profit stood at Rs 14.22 crore during the quarter, against Rs 8.79 crore in the year ago period. Standalone income was at Rs 36.15 crore during the quarter against Rs 35.30 crore in the year ago period.

Shares of ICRA settled at Rs 1,367.60 apiece on the BSE, up from 0.58 per cent from the previous close.

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